Mine Clause Samples
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Mine. The PEA was prepared in a manner which is consistent with Good Practice Standards and the statements, assumptions and projections contained therein were fair and reasonable as and when produced and, to the Obligors’ knowledge, were arrived at after reasonable inquiry, having been made in good faith by the Persons responsible therefor. The PEA contains a reasonable estimate in all material respects of projected capital expenditures for the Real Property subject to fluctuations in exchange rates, commodity prices and electricity rates and has been prepared in a manner which is consistent with Good Practice Standards.
Mine. If any Mine is permanently closed at the end of its production life, such Mine shall be deleted from the listing of Individual Productive Capacities and the Board shall by unanimous vote determine an appropriate adjustment to the Aggregate Productive Capacity of the Producer owning such Mine.
Mine. Paringa's President and Chief Executive Officer, Mr. ▇▇▇▇▇ ▇▇▇, said: "I am very excited that Paringa has executed its cornerstone coal sales agreement with LG&E and KU. The contract is the culmination of over a year of due diligence, negotiations, documentation and approvals on both sides. We are very proud to be contracting with LG&E and KU and we will look forward to contracting additional coal sales as we move towards production." Paringa Resources Limited ("Paringa" or "Company") (ASX: PNL; OTCQX: PNGZF) is pleased to advise that it has executed its "cornerstone" coal sales agreement with Louisville Gas and Electric Company and Kentucky Utilities Company ("LG&E and KU") for future coal sales from the proposed Buck Creek No.1 Mine, totaling US$220 million of contracted sales. Based on feedback from Paringa's potential "tier-1" customers within the Ohio River Market, the Buck Creek No.1 Mine's Coal Handling and Preparation Plant was redesigned as part of the Pre-Feasibility Study ("PFS") released to the ASX in March 2015, to produce both a fully-washed and a blended product. It is estimated that 30% of total sales from the Buck Creek No.1 Mine will be a fully washed 11,800 btu/lb product and 70% of total sales will be a 11,200 btu/lb product. Paringa is expected to begin production at the Buck Creek No.1 Mine in 2018, reaching full production of 3.8mtpa by approximately 2020. Under the coal sales agreement, Paringa is contracted to deliver a total of 4.75 million tons over a 5-year period of its 11,200 btu/lb product, with 750,000 tons to be delivered in 2018 and 1,000,000 tons to be delivered in each year from 2019 to 2022. The Buck Creek No.1 Mine's direct barge access to the Green and Ohio River systems provides a significant transportation advantage. The LG&E and KU coal sales agreement calls for fixed sales prices based on a Free-on-Board ("F.O.B.") Buck Creek No.1 Green River Barge Price", which is equivalent to a price for selling coal at the end of the Buck Creek No.1 Mine's conveyor belt at the Green River barge load-out facility. The contracted fixed coal sales prices for Paringa's 11,200 btu/lb coal spec begins at US$44.50 per ton in 2018, escalating toUS$48.20 per ton in 2022. By adjusting for heating content, the equivalent 11,800 btu/lb coal price implied under this coal sales agreement is US$46.88 for 2018, increasing to US$50.78 by 2022. Provided below is a comparison of the five year (2018 to 2022) weighted average 11,200 btu/lb LG&E an...
Mine. Mine during the relevant Operating Year.
Mine. A munition designed to be placed under, on or near the ground or other surface area and to be exploded by the presence, proximity or contact of a person or vehicle.
Mine. As used in this Section and this Agreement, the following capitalized terms shall have the meaning given to them in this subsection:
Mine. A-Max has 254,606 shares of Common Stock issued and outstanding and 49,745,394 shares of Common Stock authorized and unissued as of the date of this transaction. Mine-A-Max currently has 50,000 options to purchase Common Stock outstanding at a price of $1.00 per share. Mine-A-Max has no other warrants, rights, convertible notes or other convertible securities to purchase shares of Common Stock of Mine-A-Max or which convert into shares of Mine-A-Max Common Stock outstanding.
Mine. Snow Lake acknowledges and agrees that, in the event that a lithium mine is developed by it or on its behalf on the Purchased Interest, such mine shall be named the “▇▇▇▇▇▇▇▇ Bros. Mine”.
Mine a) any shaft, open cast mine, tunnel, opening, whether underground or otherwise, made or constructed after the completion of a Feasibility Study and from which mineral substances have been or shall be removed or extracted by any process of any kind, in quantities greater than those required for sampling, analysis or evaluation;
b) movable and other plant for the processing, transformation, storage and removal of mineral substances and waste, including residues;
c) tools, equipment, machinery, immovable property, plant and improvements for the mining, transformation, handling and transport of mineral substances, waste and materials;
d) housing, offices, roads, landing strips, electricity power line, electricity production plants, evaporation and drying facilities, piping, railway lines and other infrastructure for the above purposes.
Mine. A-Max is in all material respects in compliance with all terms, conditions and provisions of all applicable Environmental Permits and Environmental Laws. There are no past, pending or threatened Environmental Claims against Mine-A-Max and Mine-A-Max does not know of any facts or circumstances which could reasonably be expected to form the basis for any Environmental Claim against Mine-A-Max. No releases of Hazardous Materials have occurred at, from, in, to, on or under any site and no Hazardous Materials are present in, on, about or migrating to or from any Site that could give rise to an Environmental Claim against Mine-A-Max.